Asian paint monthly support Asain paint has respected Monthly Ema20 support always . except few times .
buying around monthly Ema20 in this stock reduces the risk and increases the chances of profit on longer run.
Paint
PAINT STOCK ANALYSISAt this time many people ask why asian paint, berger paint company breackdown, what is the reasion, why crude price and paint stock move same.
This is not happen only indian market but also word top paint company move same parrten,
Asian paintsvolume continuously increasing with fallind down in price trend.
wait for support. but i recommend you for trend line support.
Akzo Nobel BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
Sherwin-Williams Company (SHW) for SHORT Signals
Position: short Entry price: 286
Target: 272 SL: 275
Indicators
RSI is reversing from a position of overbought: good time for a short
DMI - is reversing indicating a bearish trend
Both Keltner channel and Bollinger bands indicate a strong trend
Pattern
The price is bouncing between the support and the resistance lines and the bearish trend has been confirmed
Conclusions
SWH develops, manufactures, distributes and sells paint, coatings and related products to professional, industrial, commercial and retail customers. Mostly based in the US.
The number of of new residential sales has been decreasing since May 2020 in the US. The fundamentals of the company, the Q2 earnings released today and the candles themselves cannot carry to break the resistance.
Where do we go from here? 2 things can happen here... I think that PAINT will continue with the uptrend and break the ATH soon. It has a nice ascending trend and the project is fully legit.
Long term looking good but right now we are approaching the critical support indicator. If this gets broken, we can see the dip. If it holds, well... Sky is the limit!
What do you think?
2R TradeBreak of Falling Edge.
SL is 1 ATR below recent Low.
Buying zone indicated on chart. (Thats important to get the right RR)
Hoping to get bids filled
How to paint Fibonacci Circles (fib circs)If you want to know more about Fib Circs, start with these basic 4. Then start painting more, top to bottom, bottom to top, bottom to bottom, top to top. Then you can start finding future points matching the price action.
